v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash $ 268 $ 781
Short-term investments 177 245
Accounts receivable - net 3,479 3,667
Inventory 2,323 2,428
Deferred income taxes 0 593
Prepaid expenses and other current assets 369 386
Total current assets 6,616 8,100
Property, plant and equipment    
Land and buildings 2,383 2,343
Machinery and equipment 5,501 5,621
Gross property, plant and equipment 7,884 7,964
Accumulated depreciation (4,319) (4,214)
Net property, plant and equipment 3,565 3,750
Other noncurrent assets    
Goodwill 13,479 13,893
Other intangible assets 6,014 6,556
Deferred income taxes 362 228
Other assets 995 1,002
Total assets 31,031 33,529
Current liabilities    
Short-term debt 426 2
Current portion of long-term debt 242 1,008
Accounts payable 1,758 1,940
Accrued compensation 366 420
Other current liabilities 1,833 1,985
Total current liabilities 4,625 5,355
Noncurrent liabilities    
Long-term debt 7,781 8,024
Pension liabilities 1,586 1,812
Other postretirement benefits liabilities 440 513
Deferred income taxes 390 901
Other noncurrent liabilities 978 1,085
Total noncurrent liabilities 11,175 12,335
Shareholders' equity    
Ordinary shares (458.8 million outstanding in 2015 and 467.9 million in 2014) 5 5
Capital in excess of par value 11,701 11,605
Retained earnings 7,346 7,078
Accumulated other comprehensive loss (3,863) (2,899)
Shares held in trust (3) (3)
Total Eaton shareholders' equity 15,186 15,786
Noncontrolling interests 45 53
Total equity 15,231 15,839
Total liabilities and equity $ 31,031 $ 33,529